- How much is enough when covering death-related expenses?
- Date posted: August 9th, 2010 4:04 PM
- The cash your family receives from a policy’s death benefit can provide the resources needed to lessen the financial weight that comes from death-related expenses.
The amount needed for these costs depends on your individual situation. Large hospital, medical, home care, or rehabilitative bills can drain a family’s resource before death even occurs. The cash from life insurance proceeds can help replace these losses so death-related expenses don’t plunge your family into a financial sinkhole, according to McGill’s Life Insurance author Edward E. Graves.
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- Category: Life Insurance, Tips, Videos
- Term life can help personal finance, but only if used correctly
- Date posted: August 3rd, 2010 11:11 AM
- When planning for retirement, life insurance is a useful tool, but not as a means of saving, according to Walter Updegrave of Money Magazine. Instead, life insurance policies should be used to provide for spouses and dependent children in the event of a tragedy.
Updegrave recommends term life insurance, which carries an annual premium that must be paid to the insurance company, in exchange for their guarantee that a death benefit will be paid to a policyholder's surviving loved ones.Full Story »
- Category: Life Insurance, Tips